Saturday, September 12, 2009

Q.What are the arguments against the social involvement of business?

  1. Social involvement may reduce economic efficiency.
  2. Social involvement would create excessive costs for business, which cannot commit its resources for social action.
  3. Social involvement can weaken the international balance of payment.
  4. It may leads to the hike in prices of the commodities
  5. Incomplete support for involvement in social action &&disagreement among groups will cause friction.
  6. There is a link of accountability of business to society

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